We model mortgage refinancing as a bargaining game involving the borrowing household, the incumbent lender, and an … outside bank. In equilibrium, the borrower's ability to refinance depends both on the competitiveness of the local banking … correlated with the number of local branches and negatively correlated with local mortgage market concentration. Moreover …

among lender types (local bank, nonlocal bank, or independent mortgage bank) that lead to higher loan risk also are …This article examines how competition among lenders affects mortgage loan characteristics. The author finds that, on … average, banks issue safer mortgages than independent mortgage banks. Further, mortgages from banks with a branch in the local …

Banks and shadow banks compete in originating mortgages, while shadow banks' balance sheets are financed by bank loans …. Shadow bank filing data obtained through FOIA requests show that while shadow banks are more likely to obtain funding from … banks with in-house mortgage origination in their regions, less so if the banks' local origination market shares are high …

amongst mortgage lenders and adds the idea of lender competition into this framework. Despite this addition, the results are … loans, selling most of their mortgages and making less profit off each mortgage while concentrated lenders do the opposite …